When you subscribe we will use the information you provide to send you these newsletters. Sometimes they’ll include recommendations for other related newsletters or services we offer. OurPrivacy Noticeexplains more about how we use your data, and your rights. You can unsubscribe at any time.

Chancellor Phillip Hammond has today outlined his budget for 2017 - but some announcements may affect you more than you may think.

As well as some extra funding for the NHS, the Chancellor also announced that stamp duty will be scrapped for first time buyers on homes up to £300,000 and that he wants to eradicate homelessness by 2027.

The six-week wait for payments of the soon-to-be-rolled-out Universal Credit has also been slashed to five weeks - after fears were raised that people would be waiting too long to get their money when the old system was scrapped.

The Chancellor attempted to fight back after a shambolic first Budget and months of fighting with his own Cabinet over Brexit.

His 7,704-word speech, which broke through the one-hour mark for only the third time in a decade, was trailed as setting up a "Britain Fit For the Future."

Here are some of the key points of the budget.

Phillip Hammond revealed his budget today in the House of Commons

Key points:

Tax

Income tax tax-free personal allowance increased from £11,500 to £11,850

Threshold for paying 40p income tax raised from £45,000 to £46,350, helping the richest 13 percent

Benefits

The six-week waiting time for Universal Credit cut to five weeks in a U-turn as part of £1.5billion package

UC advances will be worth a full month's pay and repayment period will be doubled from six to 12 months

Recipients of housing benefit to continue to get it for two weeks during transition to Universal Credit

Health and social care

Grantham A&E could reopen 24/7 if there are enough staff (Image: Getty)

£10bn package of capital investment in frontline services across this parliament

This will be part of sustainability and transformation plans that had demanded billions in cutbacks

£2.8bn emergency cash for NHS England - 350m immediately for this winter, £1.6bn in 2018-19, the balance in 2019 to 2020

Promise to provide additional funding for nurses wages

Housing

Stamp duty abolished for first time buyers from TODAY on all homes under £300,000

At least £44 billion of capital funding, loans and guarantees overall over five years to support house-building

Target of building 300,000 homes annually to be met 'by the mid 2020s'

£8 billion of new financial guarantees to support private house-building

Homes left empty could be hit by a 100 percent council tax premium under powers to be handed to councils